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Nov 19, 2012
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that's the definition of holding america's economy hostage. the politico's chief economic correspondent ben white says don't worry so much. ben, why do you say that? welcome back to "power lunch." why do you say this deal you think is done? >> details i think of the deal aren't done but the inevitability of the deal is done. people are looking at this through the lens of 2010-2011, a rising tea party, complete dysfunction in congress. not that we have a great function in language but we had a presidential election which the president ran and run on raising the top income tax rates. even republicans admit across the board, governor haley barbour of mississippi, one of the most conservative states in the nation, said we have to cut our losses on this, take some slight tax increase in return for some spending cuts. they're going to be back and forth, there's going to be moments where it looks like we're close to a deal, then terms change a little bit. but there is absolutely no appetite on the part of the republican party to get blamed for a fisc
that's the definition of holding america's economy hostage. the politico's chief economic correspondent ben white says don't worry so much. ben, why do you say that? welcome back to "power lunch." why do you say this deal you think is done? >> details i think of the deal aren't done but the inevitability of the deal is done. people are looking at this through the lens of 2010-2011, a rising tea party, complete dysfunction in congress. not that we have a great function in...
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Nov 28, 2012
11/12
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. >> bac, bank america. i'll wear a name tag next time. >> more "fast" at 5:00. >>> "power" starts right now. >> welcome to a special "rise above" edition of "power lunch," live from the nation's capital. the heart of the action today right now on capitol hill, dozens of ceos are working the hallways trying to convince lawmakers to get a deal done and avoid the fiscal cliff. >>> next stop, the white house later this afternoon. good afternoon, everybody. i'm tyler mathisen. it is a big day in this national discussion about how washington can avoid the fiscal cliff. some of the senators in the center of the debate will be stopping by. we may hear from some ceos this hour. we do expect to hear from some of them at a press conference later this hour. the president, by the way, weighed in on the debate this morning as well. sue, a busy day down here in washington. >> it sure is, ty. indeed it is here as well. we are going to be joined by a very special guest, noted author and investor nassem taleb. after dropping
. >> bac, bank america. i'll wear a name tag next time. >> more "fast" at 5:00. >>> "power" starts right now. >> welcome to a special "rise above" edition of "power lunch," live from the nation's capital. the heart of the action today right now on capitol hill, dozens of ceos are working the hallways trying to convince lawmakers to get a deal done and avoid the fiscal cliff. >>> next stop, the white house later this...
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Nov 1, 2012
11/12
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bank of america, highest close since april. jpmorgan also good. simon, you think the sandy play would be over, but no. trex, those waterproofing products -- >> you got to wonder if they're covering shorts in advance of the employment report perhaps, bob. >> they're buying on sandy pretty heavy on these stocks. >> >>ty, more later, back to you. >>> a lot of economic data out today. some of it supposed to have come out earlier in the week, was delayed. shows an economy building momentum. that is at least until sandy came. steve leisman here. steve, is sandy going to slam the brakes on this slightly upward arc we're seeing in the economy? >> it is definitely going to have an impact on the economy. today we got a read on the economy ahead of sandy giving us really a baseline. that baseline was a little bit better than economists originally thought. at almost every count. perhaps the miss here -- what a nice graphic they made. perhaps the miss there was because they don't know how to estimate the new methodology. but that was better than expected. clai
bank of america, highest close since april. jpmorgan also good. simon, you think the sandy play would be over, but no. trex, those waterproofing products -- >> you got to wonder if they're covering shorts in advance of the employment report perhaps, bob. >> they're buying on sandy pretty heavy on these stocks. >> >>ty, more later, back to you. >>> a lot of economic data out today. some of it supposed to have come out earlier in the week, was delayed. shows an...
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Nov 12, 2012
11/12
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america's energy problems be gone. the genie we have been hoping for for four decades now will arrive and the u.s. will serve up more oil than saudi arabia in the year 2020. that according to a new report by people who actually do know the oil business very well. >>> and sex and the ceo. and the collateral damage. how widespread is sex at work? we really want the answer to that question? >>> what should the consequences be. >>> and no hockey. forget about that. no problem. look what the world of auto racing brought us over the weekend. a brawl! another black eye for a sport that corporate america was counting on? no fighting here at cnbc. sue's with me here again. nice to have you here, sue. >> it is great to be here, ty. those "fast money" guys got me all riled up over there. they're having a good time. >>> we're going to take a look at the markets right now. dow jones industrial average has turned into positive territory, not by too much, but hey if you're a bull, we'll take it. the s&p is up two. the nasdaq up almos
america's energy problems be gone. the genie we have been hoping for for four decades now will arrive and the u.s. will serve up more oil than saudi arabia in the year 2020. that according to a new report by people who actually do know the oil business very well. >>> and sex and the ceo. and the collateral damage. how widespread is sex at work? we really want the answer to that question? >>> what should the consequences be. >>> and no hockey. forget about that. no...
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Nov 14, 2012
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nicholas calio, ceo of airlines for america, an airline lobby group. he also served in the bush white house as a political dealmaker -- served in two bush white houses, as a matter of fact. welcome back, nick. >> great to be with you. thank you. >> how do you see this playing out? obviously the numbers have changed dramatically since we last talked to you. where do you think we're going to see some compromise and what do you expect those ceos to tell the president? you were one of those ceos who signed that letter urging the president and congress to come to some sort of agreement. >> well, hopefully what we're going to see is all sides compromise. i think that's what the ceos at the white house are going to tell the president, that everybody has to give some in order to get some. in a sense, you have to get the right mix of spending cuts and the right mix of revenues to get to the point where you can get enough votes to pass something that will put this country on the long term path to a sustainable, strong economy like we need to create jobs. >> you
nicholas calio, ceo of airlines for america, an airline lobby group. he also served in the bush white house as a political dealmaker -- served in two bush white houses, as a matter of fact. welcome back, nick. >> great to be with you. thank you. >> how do you see this playing out? obviously the numbers have changed dramatically since we last talked to you. where do you think we're going to see some compromise and what do you expect those ceos to tell the president? you were one of...
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Nov 29, 2012
11/12
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you have to be the most diversified businessman in america. wouldn't you say? >> i have a diversified portfolio. >> reporter: gillman is a republican in a state represented by one of america's most powerful democrats, harry reid. >> he's been a friend to the state of nevada. so certainly i supported his campaigns. >> reporter: but he doesn't agree with reid on everything and he's worried about the fiscal cliff in a region recovering more slowly than the rest of the nation. >> to me, our world is tied to confidence. confidence in our leaders, confidence in washington. confidence in taxes. trying to figure out what's going to happen with all the health care. and we are absolutely crushed with regulation. this is where the buck stops. all of the rules that are made back there. all the regulations that are made back there. all the financial decisions, they all flow right down here to where you and i are standing. and if companies aren't calling and if they aren't expanding and if we aren't growing, then we're going in the opposite direction. >> reporter: applied an
you have to be the most diversified businessman in america. wouldn't you say? >> i have a diversified portfolio. >> reporter: gillman is a republican in a state represented by one of america's most powerful democrats, harry reid. >> he's been a friend to the state of nevada. so certainly i supported his campaigns. >> reporter: but he doesn't agree with reid on everything and he's worried about the fiscal cliff in a region recovering more slowly than the rest of the...
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Nov 9, 2012
11/12
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we'll talk about that. >>> and tonight on "mad money," a salute to america's veterans. aig's robert benmosche will be on "mad money" tonight at 6:00 p.m. and 11:00 p.m. eastern time. back with more "power lunch" in a moment. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-2550 your portfolio has tdd#: 1-800-345-2550 a better chance to grow. tdd#: 1-800-345-2550 and you can trade all our etfs online, tdd#: 1-800-345-2550 commission-free, from your schwab account. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 so let's talk about saving money
we'll talk about that. >>> and tonight on "mad money," a salute to america's veterans. aig's robert benmosche will be on "mad money" tonight at 6:00 p.m. and 11:00 p.m. eastern time. back with more "power lunch" in a moment. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs...
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Nov 7, 2012
11/12
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to really dramatically diminish our ability to use coal and that's enormously problematic for all of america, but in particular for coal producing states like penn. we've had to close six pennsylvania power plants just because of new -- a whole new generation of epa regulations. that's going to raise the cost of energy for us. and that's problematic. now in the meantime of course, there's been a huge boom in natural gas that's dramatically lowered the price and that has largely offset some of the damage that's been done on the coal side so far. but we really ought to be using both of these and we ought to be drilling for more oil. we really could be energy independent given the gas that we found and the oil that's coming from new reserves that we can reach through fracking, we can be energy independent but we've got to be willing to use the fossil fuels we have. >> senator toomey, thank you very much. sue, back to you. >>> thanks, ty. jonathan, as we've talked to a number of politicians throughout the day and it does seem as though they're going to take us right up to the brink. what does th
to really dramatically diminish our ability to use coal and that's enormously problematic for all of america, but in particular for coal producing states like penn. we've had to close six pennsylvania power plants just because of new -- a whole new generation of epa regulations. that's going to raise the cost of energy for us. and that's problematic. now in the meantime of course, there's been a huge boom in natural gas that's dramatically lowered the price and that has largely offset some of...
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Nov 21, 2012
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craig barrett, former ceo of intel, described california where you live and do a lot of business as america's version of greece because of the level of public expenditure and so forth. do you see it that way? >> no, i don't see it that way. listen, california has its issues. locally we have our issues. there are income issues, there are increased taxes that i wouldn't necessarily want to have happen in the state, which did happen. but we have to address those. i think we've got positive momentum. i know we have positive momentum. so are we perfect? no. but california is growing at a much faster pace and a better pace than most of the united states. so i don't equate it to greece at all. >> mr. caruso, thank you for being with us and a happy thanksgiving to you. >> thanks you. >>> he's a billionaire, right? i wish he were related. >>> all right, next, making cardboard profitable and interesting. jane wells is on the case, of course. jane. >> hey, michelle. say you have a business where you use a lot of cardboard boxes and you want to be green and buy cheaper recycled boxes. we. fou we found a
craig barrett, former ceo of intel, described california where you live and do a lot of business as america's version of greece because of the level of public expenditure and so forth. do you see it that way? >> no, i don't see it that way. listen, california has its issues. locally we have our issues. there are income issues, there are increased taxes that i wouldn't necessarily want to have happen in the state, which did happen. but we have to address those. i think we've got positive...
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Nov 6, 2012
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and in our america's top states for business rankings this year, third for low cost of doing business. but who gets credit for that, the democrats and support of president obama say it's the auto bailout you can the stimulus. supporters of governor romney say it's republican governor john kasich and the strides this state has made are in spite of president obama. economist jason sell legman here at ohio state says it really has to do a lot with ohio's diverse economy. >> we, of course, both make things but we make things for each other, so there are export and import dynamics. >> what is -- will have to be different by the obama administration is forging a new alliance with the business community all over the country. and the new alliance is going to carry the day on the other side of the aisle, the republican. >> that's columbus mayor mayor michael coleman who is predicting an obama victory but says there needs to be changes if the president is re-elected in terms of how he relates to business, particularly as we head for the fiscal cliff. we will see how ohio goes, this is going to
and in our america's top states for business rankings this year, third for low cost of doing business. but who gets credit for that, the democrats and support of president obama say it's the auto bailout you can the stimulus. supporters of governor romney say it's republican governor john kasich and the strides this state has made are in spite of president obama. economist jason sell legman here at ohio state says it really has to do a lot with ohio's diverse economy. >> we, of course,...
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Nov 27, 2012
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together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. >>> welcome back to power lunch, i'm courtney real when a market flash. look at shares of adt corporation, the home security monitoring service. you are seeing shares trade just off the highs of the day but right now, in this day, the shares have hit the all-time high, spun off from tyco on october 1st. the company reported inline earnings, revenue slightly missing the street's expectation bus approve afghanistan $2 billion buy back. >>> the clock ticking down to the fiscal cliff there is some noise in washington that perhaps going over the cliff might be the best sort of tactical solution for both sides. so, how could it benefit democrats and republicans? andy friedman is a principal at the washington update and one of america's top business lawyers and savviest political observers. andy, welcome back. >> nice to see you, tyler. >> thanks for being wit
together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. >>> welcome back to power lunch, i'm courtney real when a market flash. look at shares of adt corporation, the home security monitoring service. you are seeing shares trade just off the highs of the day but right now, in this day, the shares have hit the all-time high,...
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Nov 13, 2012
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as we first reported yesterday, john mcafee is on the run in central america. he is wanted for murder. we have new information this hour, including his side of the story. >>> and tens of thousands of people are still without power in the 12 wealthiest counties in the country. my mere and father-in-law got theirs back last night, but they still have no heat, no hot water and no laundry. we sent gary gam minute ski into the mess in his home up to with two cameras and what he came back with will stun you. sue is live at the new york stock exchange. sue? >> i have seep a little bit of that ty, you don't want to miss gary's story in a few minutes much the markets have been up and down on either side unchanged today. right now the dow is in the green by 22 points, the s and p up about 2.75 points. nasdaq negative by a quarter percent. gold market, a little profit taking there, well up above the 1700 level. west texas intermediate crude down two-thirds of a percent. all of this as the count down to the fiscal cliff ticks away. your money is literally being held hostag
as we first reported yesterday, john mcafee is on the run in central america. he is wanted for murder. we have new information this hour, including his side of the story. >>> and tens of thousands of people are still without power in the 12 wealthiest counties in the country. my mere and father-in-law got theirs back last night, but they still have no heat, no hot water and no laundry. we sent gary gam minute ski into the mess in his home up to with two cameras and what he came back...
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Nov 2, 2012
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what's an appropriate rate in your view for the wealthy in america? should they pay more? >> if i can go back to the beginning of your question because i really agree with that, that what we're seeing is i think these profound economic forces and then governments in our societies can either mitigate them or lean into them. the paradox of america is, even if you have had the underlying economy lead to this greater wealth disparity, you actually have taxes at the very top and on the particular kinds of income that the wealthy tend to earn fall. so, yeah -- >> what's a good number? 45%? 50%? >> my book isn't about policy recommendations, robert. >> all right. we'll leave it there. michelle? >>> we got the last read on the jobs report before tuesday's election. who is it going to help the most? president obama or governor romney. >>> plus, while the new york boroughs like staten island struggle without power after hurricane sandy, the city is getting ready to hold a marathon this weekend. good idea? or wasted use of resources that could be deployed somewhere else. we discuss r
what's an appropriate rate in your view for the wealthy in america? should they pay more? >> if i can go back to the beginning of your question because i really agree with that, that what we're seeing is i think these profound economic forces and then governments in our societies can either mitigate them or lean into them. the paradox of america is, even if you have had the underlying economy lead to this greater wealth disparity, you actually have taxes at the very top and on the...
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Nov 16, 2012
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>> well, timen, twinkie's parent company, hostess, has made an announcement that will make america think of our collective childhood. that sugar rush is about to wear off forever. >>> plus, huge numbers for blockbusters in the world of entertainment. one from the movie business and the other in the gaming industry. see who's going to profit when "power lunch" comes back. >>> if congress allows the u.s. economy to fall off the fiscal cliff, gdp will shrink only 3% during the first six months of 2013. [ male announcer ] when it comes to the financial obstacles military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa brings advice. call or visit us online. we're ready to help. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supp
>> well, timen, twinkie's parent company, hostess, has made an announcement that will make america think of our collective childhood. that sugar rush is about to wear off forever. >>> plus, huge numbers for blockbusters in the world of entertainment. one from the movie business and the other in the gaming industry. see who's going to profit when "power lunch" comes back. >>> if congress allows the u.s. economy to fall off the fiscal cliff, gdp will shrink only...
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Nov 20, 2012
11/12
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an economy that grows that low a rate, that is something we are not used to in the united states of america, tyler. we expect to be an economy that grows a faster pace than that, up until now, one of the most liberal economies in the world and we don't mean in terms of liberal versus conservative in politics, mean the most dynamic economy, where we can adapt to changes very, very quickly. that's why we can grow so fast. at least in the past. that would be one dramatic change if that turns out to be true, and frightening. >> one of the other things that you were talking about and kenny polcari was and john, your thoughts on, this the idea that whether we go full thelma and louise off the fiscal cliff or not, there is likely to be fiscal restraint in the year 2013. higher taxes some form or another and reduced federal spending and that is going to pull -- put a drag on the economy, a headwind, whether that will be sufficient to push the economy into a recession or not it he was a little bit vague on it. he said we could maybe deal with that, but, we the fed, don't have the tools to deal with
an economy that grows that low a rate, that is something we are not used to in the united states of america, tyler. we expect to be an economy that grows a faster pace than that, up until now, one of the most liberal economies in the world and we don't mean in terms of liberal versus conservative in politics, mean the most dynamic economy, where we can adapt to changes very, very quickly. that's why we can grow so fast. at least in the past. that would be one dramatic change if that turns out...
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Nov 8, 2012
11/12
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make sure everyone's ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ >>> welcome back to "power lunch." we're watching shares of windstream, hitting a three-year low. it's only one of a dozen new lows in the s&p 500. we have no new highs today. >> all right, bertha. thank you very much. >>> we might say that the dow jones industrial average has pared its losses since we came on the air. we were down 82 points and now we're only down 44 points on the trading session. the s&p 500 is down about six points on the trading day but the nasdaq continues to suffer in terms of its percentage losses. but it also is coming off of its worst levels of the day. that's some good news 40s bulls out there. >> very interesting day. an interesting week. we got more coming up
make sure everyone's ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ >>> welcome back to "power lunch." we're watching shares of windstream, hitting a three-year low. it's only one of a dozen new lows in the s&p 500. we have no new highs today. >> all right, bertha. thank you very much. >>> we might say that the dow jones industrial average has pared its...
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Nov 30, 2012
11/12
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. >> we're just here to support doing the right thing, putting america back to work. >> we don't legislate but we know a lot about what the consequences are of a failure to reach an agreement. >> only way democracy works is through compromise at the end of the day. i know no other way. >> i'm optimistic we can continue to work together to avert this crisis. >> our ultimate goal is an agreement that gets our long term deficit under control in a way that's fair and balanced. >> a reversal of fortune on wall street as stocks trade on fiscal cliff comments from president obama and john boehner. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. the white house has to get serious. >> republicans know where we stand. we've said it, we've said it, we've said it so many times. >> i think all of us today are confident we can reach a bipartisan agreement by christmastime. >> according to congressional republican aides who have talked to the "wall street journal," they say they have obtained a copy of the white house's proffer here in
. >> we're just here to support doing the right thing, putting america back to work. >> we don't legislate but we know a lot about what the consequences are of a failure to reach an agreement. >> only way democracy works is through compromise at the end of the day. i know no other way. >> i'm optimistic we can continue to work together to avert this crisis. >> our ultimate goal is an agreement that gets our long term deficit under control in a way that's fair and...
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Nov 15, 2012
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can you see it all totals $67.9 billion in savings without affecting, coburn says, america's military fighting strength. back to you. >> eamon javers, thank you very much. let's talk more about this with ben white, chief financial correspondent at politico. ben, welcome back. react to senator coburn's report which i believe, if i'm recalling correctly, he has done in multiple years in the past. it is always extraordinarily provocative. if we were to go after real waste in the government, how much would we really get? >> well, clearly here we'd get $67 billion if you go after ten years. department of defense may have the biggest amount of boondoggle spending. i don't know if anybody else studies cling-on religious beliefs or new ways to get beef jersey flatter, but there is wasted fraud and abuse all over the federal government. we always talk about eliminating them as part of any deficit reduction deal so we don't have to cut spending or raise taxes as much in important areas. we never wind up doing it. that's why coburn comes out every year with a new report highlighting these things
can you see it all totals $67.9 billion in savings without affecting, coburn says, america's military fighting strength. back to you. >> eamon javers, thank you very much. let's talk more about this with ben white, chief financial correspondent at politico. ben, welcome back. react to senator coburn's report which i believe, if i'm recalling correctly, he has done in multiple years in the past. it is always extraordinarily provocative. if we were to go after real waste in the government,...